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Hong Kong Monetary Authority (HKMA) introduces key measures on sustainable banking and green finance

07 May 2019

HKMA introduces key measures on sustainable banking and green finance

The Hong Kong Monetary Authority (HKMA) today unveiled three sets of measures to support and promote Hong Kong’s green finance development.  In his opening remarks at the HKMA Green Finance Forum today, Mr Norman Chan, Chief Executive of the HKMA, said that the HKMA will collaborate with the industry and other stakeholders to combat climate change risks and develop green finance.

“Climate change is one of the major risks threatening the well-being of mankind.  It must be tackled on a global basis and across different sectors of the economy.  How the banking and financial system operates will clearly have an impact on the way in which climate risk is managed or reduced.  The HKMA, in support of the mission to reduce climate change risks and to achieve sustainable finance, will launch three sets of measures,” said Mr Chan. Read more